Financial Action Task Force
From ACT Wiki
(FATF).
Anti money laundering.
An inter-governmental body whose purpose is the development and promotion of policies, both at national and international levels, to combat money laundering and terrorist financing.
FATF issued a number of recommendations - the 40 Recommendations, which formed the basis of most countries’ anti money laundering legislation plus 9 Special Recommendations on Terrorist financing. The Recommendations were subsequently updated and integrated to form the International Standards on Combating Money Laundering and the Financing of Terrorism & Proliferation.
